Examlex
When the cost of an action falls on other than the person (or persons) responsible for the action,which of the following exists?
JIT Partnerships
Collaborations between suppliers and manufacturers that follow Just-In-Time inventory principles to reduce waste and increase efficiency.
Competitive Bidding
A procurement process where suppliers submit their bids to win a contract, based on price and/or other criteria.
Vertical Integration
Developing the ability to produce goods or services previously purchased or actually buying a supplier or a distributor.
JIT Partnerships
Just-In-Time partnerships; close collaborations between suppliers and companies to ensure timely delivery of parts, minimizing inventory.
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